Morgan Stanley's Private Equity Buys $300 Million Stake In China's Tianhe Chemicals Group

Reuters reported that Morgan Stanley's asia private equity arm has invested $300 million in China's Tianhe Chemicals Group, the two companies said on March 21, 2012 a deal that will help the Company to expand into the U.S. and European markets. According to a person with knowledge of the matter. Morgan Stanley's private equity arm would take a minority stake in Tianhe Chemicals. As part of the deal, Homer Sun, the fund's chief investment officer, will join Tianhe's board.